Sinclair Broadcast Group

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The rating agency put the Hunt Valley companyt on anegative outlook, meaning therde are concerns its position could S&P cited sluggish ad spending in a recession and nonelection year, plus high debt risk for the company. The downgrad e makes it more expensive for the company toborrows money. Sinclair (NASDAQ: SBGI) operate 58 TV stations across the country but has also investe morethan $180 million in other assets, such as real over the past two S&P analysts said. And they were concerned about debt from those The ratio ofthe company’s debts to its earningas was 6.3 times as of Marcj 31, according to S&P.
It would need to bringb that below 6 times to return toa BB- negativre rating. But S&P expects that ratio couls hit 7 times laterthis year. Sinclaie posted an $86 million loss in the firstr quarter ofthe year, largely on a $130 millioh non-cash charge. Its revenue fell 17 perceny that quarter because of declining local and nationalad